Following the success of a prototype pilot, the Depository Trust & Clearing Corporation said that its "Project Ion" initiative to create a new settlement platform based on distributed ledger technology and shorten the settlement cycle will move into full development.

FINRA will review (i) firms' customer acquisition practices that utilize social media channels, and (ii) firm compliance with related obligations to protect customer information.

In a technical notice, FINRA urged members and vendors to prepare for the upcoming closure of the OTC Bulletin Board – the FINRA-operated inter-dealer quotation system – and the deletion of related rules.

The SEC Division of Corporation Finance granted no-action relief to an exchange-traded fund from tender offer rules.

After a retrospective review, the North American Securities Administrators Association offered recommendations for jurisdictions implementing the Association's Model Act to Protect Vulnerable Adults from Financial Exploitation.